Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 15,859 Perimeter Solutions, SA (NYSE:PRM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake of 15,859 shares in Perimeter Solutions, SA, valued at approximately $160,000.
• Perimeter Solutions recently reported a net margin of 23.23% despite having revenue of $72.03 million, which was below analysts’ expectations of $75 million.
• Insider transactions included a significant purchase by major shareholder Windacre Partnership Master Fu of 254,600 shares at $13.98 per share, increasing their position in the company.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,859 shares of the company's stock, valued at approximately $160,000.

Other institutional investors also recently bought and sold shares of the company. Comerica Bank purchased a new stake in shares of Perimeter Solutions during the fourth quarter valued at approximately $38,000. Harbor Investment Advisory LLC increased its holdings in Perimeter Solutions by 25.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock valued at $94,000 after acquiring an additional 1,899 shares during the last quarter. Xponance Inc. bought a new stake in Perimeter Solutions in the 1st quarter valued at $101,000. New York State Teachers Retirement System purchased a new position in shares of Perimeter Solutions in the 1st quarter worth $123,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Perimeter Solutions during the 1st quarter worth about $128,000. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Stock Performance

NYSE:PRM opened at $15.97 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.56 and a current ratio of 5.23. The company has a fifty day moving average of $14.69 and a two-hundred day moving average of $12.14. The stock has a market capitalization of $2.36 billion, a PE ratio of 20.22 and a beta of 1.96. Perimeter Solutions, SA has a fifty-two week low of $8.76 and a fifty-two week high of $17.40.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.12. Perimeter Solutions had a net margin of 23.23% and a negative return on equity of 4.33%. The firm had revenue of $72.03 million during the quarter, compared to analysts' expectations of $75.00 million. As a group, research analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insider Activity

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the stock in a transaction dated Friday, June 27th. The stock was acquired at an average price of $13.98 per share, with a total value of $3,559,308.00. Following the completion of the purchase, the insider owned 21,854,600 shares in the company, valued at $305,527,308. This trade represents a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vivek Raj sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $11.78, for a total transaction of $1,178,000.00. Following the completion of the transaction, the director directly owned 168,942 shares of the company's stock, valued at approximately $1,990,136.76. The trade was a 37.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 303,094 shares of company stock valued at $3,587,021. 10.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PRM. UBS Group boosted their price objective on shares of Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley cut their price target on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.

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